The corona effect Although the German court ruling had nothing to do with this latest wave of easing and money printing triggered by the coronavirus crisis, the timing of it puts the present situation in a different perspective. This crisis has served as a “judgment day” of sorts. It revealed the countless failures, the incompetence …
Category: Politics
An unexpected blow to the ECB
Since the beginning of the year, the corona crisis has come to monopolize the news coverage to the extent that a lot of very important stories and developments either went underreported or were ignored altogether. One such example was the very surprising ruling out of the German Constitutional Court in early May, that challenged the …
Hard talk with Václav Klaus: “The people should say NO to all of it.”
As we get deeper into this crisis and we get used to our “new normal”, it’s easy to focus on the daily corona-horror stories in the media or the latest shocking unemployment numbers, and lose track of the bigger picture and of what is really, fundamentally important. Even as the lockdown measures begin to get …
“A crisis must never be misused to extend state power”
Interview with H.S.H. Prince Michael of Liechtenstein In these times of great uncertainty and widespread fear, it is natural for many citizens to turn to their leaders for guidance and reassurance. However, these much-needed qualities of real leadership have proven to be elusive in many countries around the world. Instead of that, in the US …
Nothing Is What It Seems
My latest interview about Corona, Liberty, Private Property, Authoritarism, and a fear-mongering global media campaign, which I call borderline criminal
Corona crisis: the cost of the response – Part II
Responding to the response This time around, both central banks and governments have gone “all-in” in their response packages and the scale of the support and liquidity provided dwarf the measures that we saw in the 2008 crisis. Of course, the question remains whether this will all be enough to help save the economy from …
Corona crisis: the cost of the response – Part I
The absolutely unprecedented wave of shutdowns, new restrictions and regulations that the coronavirus epidemic has triggered on a global scale is truly hard to quantify. We’ve simply never seen anything like it before. Never in the history of mankind have countries all over the globe intentionally hit the kill switch on their own economies and …
Is gold still a safe haven?
There have been moments in recent months when many gold owners, myself included, have asked themselves whether gold might have lost its safe haven status, at least in the western world. Was it enough for two generations, who grew up in a paper money system, to forget the history and the 5000-year-old status of gold …
A crisis is a terrible thing to waste – Part II
“Trust the state. Do what they say. They’ve never lied to us before, have they?” – Daniel McAdams, Ron Paul Institute for Peace and Prosperity Central bankers are washing their hands too Looking at the carnage that stock markets have suffered, it’s not surprising to see central banks jumping in to save the day. It’s …
A crisis is a terrible thing to waste – Part I
“You never want a serious crisis to go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.” -Rahm Emanuel, Barack Obama’s Chief of Staff from 2009 to 2010. Only a couple of weeks ago, if anyone told you that your entire country would …